Liquid Crystal On Silicon Market Bolstering Swiftly To Reach USD 3,465.60 Million In 2022
Sarasota, FL -- (SBWIRE) -- 12/07/2018 -- Major players in liquid crystal on silicon market comprise 3M, JVC Kenwood Corporation, Syndiant, Microvision Inc., Cannon Inc., Sony Corporation, LG Electronics, Himax Display Inc., Pioneer Corporation, Holoeye Systems Inc., and others. These players are set to augment the growth of liquid crystal on silicon market.
According to analysts of Zion Market Research, the global liquid crystal on silicon market was capitalized at almost USD 717.99 Million in 2016. The global liquid crystal on silicon market is likely to cross almost USD 3,465.60 Million by end of 2022, developing at a CAGR slightly more than 30% from 2017 to 2022.
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Acceptance Of Liquid Crystal On Silicon Goods In Different Applications To Boost The Global Liquid Crystal On Silicon Market
In comparison to other display tech such as LCD, LED, OLED, and DLP, liquid crystal on silicon provides high quality peak resolution, optimum pixel structure, superior contrast ration, fill factor, and brightness, thereby boosting the growth of liquid crystal on silicon market. The growth of liquid crystal on silicon market is augmenting constantly powered by various factors that encourage the acceptance of liquid crystal on silicon goods in different applications such as head-up-display, Pico projectors, near-to-eye mounted displays, structured illumination, and head mounted displays. liquid crystal on silicon market is likely to attain marvelous traction in the years to come due to its higher efficiency and better performance.
In addition to this, various product launches by market players is set to bolster the growth of liquid crystal on silicon market. For instance, in January 2018 Canon U.S.A. Inc. extended its award-winning REALiS LCOS projector lineup to meet the user demands. This in return boosted the development of liquid crystal on silicon market.
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User Electronics Sector To Rule The Liquid Crystal On Silicon Market In The Forecast Period
Liquid crystal on silicon market is divided based on application and product. Major product sectors that make employment of liquid crystal on silicon are HMD (Head-Mounted Display), projectors, and HUD (Head-Up Display). Some of the primary application sectors of the liquid crystal on silicon market comprise automotive, consumer electronics, medical, aviation, optical 3D measurement, and military. Basic HMD items are also attaining popularity in gaming and video based applications. Other HMD applications comprise sports, research, and medicine. HMD with liquid crystal on silicon tech is majorly employed for military and aviation applications for stimulations & training, boosting the liquid crystal on silicon market.
User electronics is the most eye-catching application sector of the liquid crystal on silicon market followed by aviation sector. Enhanced panels are employed in HUD and HMD goods in aviation. User electronics is the quickest developing application at CAGR of almost 32.2% in the years to come. Aviation application also employs advanced liquid crystal on silicon panels in both of its HMD and HUD goods, boosting the liquid crystal on silicon market.
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The global liquid crystal on silicon market is segmented as follows: